Stock Watch for October 4, 2019


CYH, recently added to my stock watch list, had a good run from end of August 2019 to mid September. From 1.79 the price went all the way up to 3.95 until it experienced some selling pressure as it got close to the 4.00 area of resistance. Then it moved sideways ranging from 3.45-3.95. Today it's up by 5.52% to close at 3.82 and by the looks of the chart, there could be more upward momentum in the coming days. However, the immediate hurdle for the stocks' ascent could be the 3.95-4.00 level. If that breaks, 4.29 could be next marker. On the downside, the support could be 3.59 then 3.45.